What is the transitional period between the dominance of one party and another called?
Correct answer C. Realignment
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Economics MCQs
Page 28 of Economics multiple-choice questions with answers. Tap an option to check yourself.
Page 28 of 131
- Miscellaneous Economics 737
- Basic of Economics 430
- Markets, Efficiency And The Public Interest 167
- Agriculture & Irrigation System of Pakistan 126
- Market 87
- Macroeconomic Issues and Analysis 75
- Money, Interest Rates And Output 73
- Introduction To Economics 70
- Population And Development 62
- Profit Maximizing Under Perfect Competition And Monopoly 56
- Income Inequality 52
- Non-Tariff Trade Barriers 48
- Aggregate Supply, Unemployment And Inflation 45
- Natural Resources and the Environment Toward Sustainable Development 44
- Costs , Supply And Perfect Competition 44
- Human Capital 42
- Labour Market 39
- Monopoly 35
- Long Term Economic Growth 30
- Inflation & Productivity 30
- Regional Trading Arrangements 29
- Characteristics and Institutions of Developing Countries 24
- Oligopoly 23
- Consumer Theory vs. Real Consumers 20
- Applied Microeconomics 20
- Alternative Theories Of The Firm 20
- Public Goods 20
- Balance of Payments, Aid and Foreign Investment 19
- Prices, Wages & Taxes 19
- Comparative GDP 19
- Budget Deficits And The Trade Balance 18
- Macroeconomic Policy Tools 18
- Asymmetric Information 17
- Application of Economics 16
- Production Factors 16
- Monopoly & Competition 15
- Capital Formation, Investment Choice, Information Technology, And Technical Progress 15
- Monetary, Fiscal And Incomes Policy, And Inflation 15
- Average And Total Cost 14
- Poverty, Malnutrition, And Income Inequality 12
- Monetary Union 10
What usually happens to the platform of a third party once it becomes significant?
Correct answer C. Is integrated into the platforms of the two main parties
Which statement about corporations and trade unions in US campaign finance is correct?
Correct answer E. All of the above
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Which resources are in short supply in every society?
Correct answer B. Food, shelter and protective coverings
Every society must make economic decisions about which of the following?
Correct answer C. Production, distribution and consumption of goods and services
What name is given to land, labour, capital and entrepreneurship?
Correct answer A. Factors of production
In most societies, ownership of property takes which three forms?
Correct answer C. Communal, private and public
What is the main advantage of a corporation?
Correct answer B. Ability to accumulate vast amounts of capital in a short time
How has the number of political action committees (PACs) changed since 1974?
Correct answer A. Increased nearly sevenfold since 1974
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What is the main problem facing a society that produces a surplus?
Correct answer B. What to produce, how to produce it and for whom to produce it
What kind of economic orientation do Western industrial societies follow?
Correct answer C. Both market and command
In economic terms, what does efficiency mean?
Correct answer C. Obtaining the highest output in the least amount of time
How can the specialised division of labour in industrial societies make workers feel?
Correct answer D. All of the above
In a market system, planning takes place through which means?
Correct answer C. Inducement
How would competition in contemporary market systems best be described?
Correct answer C. Is diluted by private and state monopolies
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Through which religious teaching did the Protestant Ethic support capitalism?
Correct answer D. Hard work and thrift
When family capitalism gave way to industrial capitalism, which economic unit became the most important?
Correct answer B. Corporation
What is one side effect of advertising?
Correct answer A. Creates artificial demands
Royal Dutch Shell has branches in Holland, Britain, the United States and France. What is this kind of corporation called?
Correct answer A. Multinational
Which problem do trade unions face?
Correct answer A. Loss of membership